Podcast 56 – How to be an Project Estimating Guru

About This Podcast:

Are you in project estimating vortex? One where you never seem to hit the mark from a project cost, schedule and resourcing perspective? In this Podcast, Dan Galorath from Galorath shares his expertise on how to become a project estimating guru.

Points Raised in the Podcast:

Most Project Managers are optimistic estimators

Best practice suggests that we temper the estimates we develop with an outside view

Important to give a real view of project estimates

3 point estimates (best, worst and likely) is an effective method to determine the project parameters

Organisations need to consider what the cost of a bad project decision is, when justifying external estimating verification such as the SEER service

Be true to yourself, provide estimates that are real – not ones that fit the parameters provided to you